Registered number: 02924694 Charity number: 1068556
Catalyst Dance & Drama Group Limited
Accounts FOR THE YEAR ENDED 31/03/2022
Prepared By:
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
Catalyst Dance & Drama Group Limited
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2022
TRUSTEES
Max Alder Miriam Hussein Mussa Tony Lawson Nicola Hayden Clifford Watson
SECRETARY
Ian Ellington
REGISTERED OFFICE
Toxteth TV 37-45 Windsor Street Liverpool Merseyside L8 1XE
COMPANY NUMBER
02924694
CHARITY NUMBER 1068556
BANKERS
National Westmister Bank PLC
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
page 1
Catalyst Dance & Drama Group Limited
ACCOUNTS FOR THE YEAR ENDED 31/03/2022
| CONTENTS | |
|---|---|
| Page | |
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 8 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Accounts | 12 to 18 |
| Detailed Statement of Financial Activities | 19 |
page 2
Catalyst Dance & Drama Group Limited
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2022
LEGAL AND ADMINISTRATIVE INFORMATION
Legal and administrative information is provided in the Company Information Section of these accounts on page 1. The financial statements comply with current statutory requirements and have been prepared in accordance with the memorandum and articles of association, the Companies Act 2006, the Charities Act 2011, the Statement of Recommended Practice - Accounting and Reporting by Charities (2015) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2016).
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was to advance the education of the public on Merseyside in the performing and visual arts .
The company is a registered charity set up for the purpose of encouraging local/Merseyside young people to participate in different aspects of arts and performance, thereby helping the youth in the area to grow in confidence and to achieve their full potential as well as providing an access route into professional theatre and dance training. When planning the activities the Board confirm that they do this with due regard to the requirement of the Charity Commission to achieve the widest public benefit.
STRUCTURE GOVERNANCE AND MANAGEMENT
The organisation consists of a Board of Trustees who oversee all operations, meeting regularly with a planned minimum of quarterly meetings. In between full Board meetings certain Board members may meet officers in order to deal with company matters and management supervision then report back subsequently to the full Board.
The Board and management have developed an organisational structure and plan identifying policy and practices to deliver the aims and objectives of the charity. The Board have away days with employees in attendance to evaluate the organisation and plan.
TRUSTEES
The names of the present trustees, all of whom held office during the year, are shown on page 1. No remuneration is paid to any trustee for their services as a trustee and no trustee had a material interest in any of the charity's contracts.
In accordance with the Articles of Association the following trustees retire at the forthcoming Annual General Meeting of the charity, and being eligible, offer themselves for re-election:-
Mirriam Hussein Mussa, Nicola Hayden.
INDUCTION AND TRAINING FOR TRUSTEES
Trustees are selected based upon their professional skills to complement those of the existing trustees or replace those of retiring trustees. Current trustees bring their skills and experience from a wide range of professions. All are committed to and experienced in the arts and cultural sector. Induction involves attending trustees' meetings prior to appointment, meeting the trustees and receiving copies of policies, business plans and accounts. Training needs are continually assessed and implemented as required.
page 3
Catalyst Dance & Drama Group Limited
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
RISK MANAGEMENT
The charity is reviewing the strategy, systems and procedures to mitigate those risks to which it is exposed and ensure that these are designed to minimise potential impact should they materialise. The risk of shortfalls of revenue funding and other income has been given serious consideration by the Board and management.
OBJECTS OF THE CHARITY
In accordance with the Memorandum and Articles of Association the objects of the charity are:-
-
To advance the education of the public on Merseyside in the performing and visual arts of aesthetic value to the Afro-Caribbean community and subjects of artistic merit so that the development of good relations between persons of different racial groups might be promoted and that the contribution which a multi-racial community has to make to society might be enhanced.
-
To advance the education of young persons in Merseyside and to develop their physical, mental and spiritual capacities by stimulating and encouraging self-confidence and the ability of self expression so that they may grow to full maturity as individuals and members of society.
ACHIEVEMENTS AND PERFORMANCE
Between April 2021 and April 2022, for the first part of the year, we were still running restricted sessions due to covid restrictions; during this time we worked with our partners to offer Dance Drama and Music sessions at The Royal Court Liverpool, as well as running one to one music lessons at The Catalyst base in Toxteth T.V. From September 21, as restrictions were lifted, we began to run regular 2 hour music making sessions on a Monday and Wednesday evening. As confidence grew more young people began to access the project.
We have registered 65 new young people on the project.
These young people are made up as follows:
-
3 Non Binary
-
36 Male
-
26 Female
-
13 Disabled Male
-
7 Disabled Female
The vast majority of the young people have had no previous music making lessons or music making engagement on any other project.
They gave a wide list of answers when asked are you disabled such as : Dyslexia, Reynard's Phenomena, Autism, Deafness, Learning Processing, ADHD, Neuro Diversity Pathways, Sensory Processing Disorders, Brain Injuries resulting in being left partially sighted, ADSD, Selective Mute, Non Verbal.
page 4
Catalyst Dance & Drama Group Limited
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
17 of the participants are unaccompanied young people from a diverse background and a wide reaching ethnic background and represented countries from all over the world from Brazil to Kuwait to Afghanistan and many other countries.
Participants' feedback has been excellent from both the young people and their parents. Parents have said it has been a life changing experience for their children and has been the best and most suited for their children's needs.
Comments from other organisations have been very complimentary and many have asked to work alongside us in the future if their is any possibility/funding to make this happen.
The young people have been able to access lots of different instruments including the use of a recording studio.
We have recorded music and sent it to the Youth Music awards 2022 and hope to hear back soon and fingers crossed we will be shortlisted and invited to perform at the awards.
The music sessions have been very enjoyable and we have been able to offer lots of music practitioners the opportunity to work with us and our diverse groups.
We have had Piano lessons, Cello and Violin lessons, Drums, Guitar, Bass Guitar and Trumpet lessons.
The main problem for a project like this is that we are always working with complete beginners and there is always a feeling of we need to get the young people to perform or record, and it takes a lot of practice to get to a standard that the audience will accept without patronising the young people, or the young people don't enjoy the experience of performing and won't perform again!
There is also a need for more one to one lessons but that would cost more as we would need more music teachers for all of the different instruments that they want to learn.
FINANCIAL REVIEW
Total incoming resources were £43,324 (2021 £46,818) and total outgoing resources were £35,445 (2021 £32,683) giving rise to net incoming resources of £7,879 (2021 net incoming resources of £14,135.). There were net outgoing resources on the unrestricted fund of £134 and net incoming resources on the restricted funds of £8,013. There is an amount of £3,485 in designated funds to develop a programme of youth arts activities.
The balance on unrestricted general funds at 31 March 2022 on the balance sheet was £21,780 (2021 £21,914). Total unrestricted funds, including the designated funds, are £25,265 (2021 £25,399). The balance on restricted funds invested in fixed assets was £3,704 (2021 £572) and there was a balance of £4,881 (2021 £nil) unspent restricted capital funds. Total funds at 31 March 2022 were £33,850 (2021 £25,971). Maintaining levels of funding will ensure that there are sufficient resources to continue to support the young people and sustain the high standard of project delivery that the charity has become recognised for so we continually focus on fundraising for the development and continuation of our work.
RESERVES POLICY
page 5
Catalyst Dance & Drama Group Limited
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
The charity is run on a not for profit basis, but for prudent management the Board aims to maintain a modest level of reserves to establish a sustainable entity and guard against contingencies, the aim being to establish a level of free revenue reserves sufficient to cover 3 months' staff costs and overheads to guard against contingencies or the withdrawal of a key funder. At 31 March 2022 the level of free reserves was £21,051 and the trustees and management are developing reserves for sustainability in current business plans.
FUTURE PLANS
-
To continue to offer music sessions for complete beginners.
-
Have improver/more experienced sessions.
-
Offer possible one on one recording sessions for more experienced musicians who cant afford to hire a studio. For example, one band came to Catalyst and said they couldn't make a practice session because they didn't have enough money to hire a studio.
To continue as we are working we will need to secure £39,000 to run for another year offering the same sessions.
TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net incoming or outgoing resources of the charity for that period. In preparing the financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgements and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER
The independent examiner, Julie Guinan FCCA of Harvey Guinan LLP, has indicated her willingness to remain in office and a resolution will be proposed for her re-appointment at the forthcoming Annual General Meeting.
page 6
Catalyst Dance & Drama Group Limited
FOR THE YEAR ENDED 31/03/2022
TRUSTEES' REPORT
APPROVAL
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 21/12/2022
Miriam Hussein Mussa Trustee
page 7
Catalyst Dance & Drama Group Limited
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2022
I report on the accounts of the company for the year ended 31/03/2022
Responsibilities and Basis of Report
As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
-
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- •the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
................................................... Independent Examiner - Julie Guinan FCCA
21/12/2022
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool
page 8
Catalyst Dance & Drama Group Limited
INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31/03/2022
Merseyside L19 2PH 21/12/2022
page 9
Catalyst Dance & Drama Group Limited
Statement of Financial Activities for the year ended 31/03/2022
| Income Income from generated funds Income from charitable activities Total Income Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net Income Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 34,386 34,386 34,520 34,520 (134) (134) 25,399 25,265 |
Restricted funds £ 8,938 8,938 925 925 8,013 8,013 572 8,585 |
2022 Total £ 43,324 43,324 35,445 35,445 7,879 7,879 25,971 33,850 |
2021 Total £ 46,818 |
|---|---|---|---|---|
| 46,818 | ||||
| 32,683 | ||||
| 32,683 | ||||
| 14,135 | ||||
| 14,135 11,836 |
||||
| 25,971 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 10
Catalyst Dance & Drama Group Limited
| BALANCE SHEET AT 31/03/2022 Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS: Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Unrestricted funds 7 General fund Designated funds Restricted funds 8 |
32,855 32,855 3,438 |
2022 £ 4,433 29,417 33,850 21,780 3,485 8,585 33,850 |
33,187 33,187 8,700 |
2021 £ 1,484 24,487 |
|---|---|---|---|---|
| 25,971 | ||||
| 21,914 3,485 572 |
||||
| 25,971 |
For the year ending 31/03/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 21/12/2022 and signed on their behalf by
.............................
Miriam Hussein Mussa Trustee
page 11
Catalyst Dance & Drama Group Limited
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All Incoming Resources are included on the Statement of Financial Activities when the charity is legally entitled to the Income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted Funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects.
page 12
Catalyst Dance & Drama Group Limited
1f. Depreciation
Fixed assets are shown at historical cost.
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ).
Fixtures And Fittings Equipment
reducing balance 20 % reducing balance 20 %
1g. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1h. Turnover
Turnover represents all incoming resources and comprises revenue project grants, donations, bank interest and earned income from performances and workshops. The Charity is not registered for value added tax.
1i. Policy For Cash At Bank And In Hand
Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1j. Policy For Creditors And Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due.
1k. Policy For Financial Instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value
page 13
Catalyst Dance & Drama Group Limited
1l. Policy For Going Concern
These financial statements have been prepared on the going concen basis. This is based upon business plans on which there is a reasonable expectation that the charity will generate sufficient income whilst minimising costs and maximising resources thereby having sufficient income to cover the activities. In making this assessment the trustees have considered a period of at least 12 months from the date of signing the accounts.
Covid-19 has had a profound effect on Catalyst. During periods of lockdown and other restrictions members have not been able to meet in groups. The Charity has used the CJRS to furlough staff and will risk assess future activities to ensure that they are covid-safe. The trustees have considered covid-19 and based on business plans and future fundraising expectations they have continued to adopt the going concern basis of accounting.
2. DIRECTORS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
| Employee costs during the year amounted to: Wages and salaries Pension costs |
2022 £ 24,926 561 25,487 |
2021 £ 24,926 486 |
|---|---|---|
| 25,412 |
No director also being a Trustee received any remuneration for their services as a director/Trustee. During the year the charity had 1 employee.
3. PENSION CONTRIBUTIONS
| Pension contributions | 2022 £ 561 561 |
2021 £ 486 |
|---|---|---|
| 486 |
page 14
Catalyst Dance & Drama Group Limited
4. TANGIBLE FIXED ASSETS
| Cost At 01/04/2021 Additions At 31/03/2022 Depreciation At 01/04/2021 For the year At 31/03/2022 Net Book Amounts At 31/03/2022 At 31/03/2021 |
Fixtures and Fittings £ 3,380 - 3,380 3,273 21 3,294 86 107 |
Equipment £ 32,651 4,057 36,708 31,274 1,087 32,361 4,347 1,377 |
Total £ 36,031 4,057 |
|---|---|---|---|
| 40,088 | |||
| 34,547 1,108 |
|||
| 35,655 | |||
| 4,433 | |||
| 1,484 |
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors |
2022 £ 306 3,132 3,438 |
2021 £ 1,660 7,040 |
|---|---|---|
| 8,700 |
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2022 there were 5 members.
page 15
Catalyst Dance & Drama Group Limited
7. UNRESTRICTED FUNDS
| General fund Youth Performance Arts |
Brought forward £ 21,914 3,485 25,399 |
Incoming resources £ 34,386 - 34,386 |
Outgoing resources £ (34,520) - (34,520) |
Transfers £ - - - |
Carried forward £ 21,780 3,485 |
|---|---|---|---|---|---|
| 25,265 |
Youth Performance Arts
Unrestricted designated Fund for Youth Performance Arts
8. RESTRICTED FUNDS
| Capital for Fixed Assets Radio Merseyside Merseyside Police Community Foundation for Merseyside PH Holt Foundation |
Brought forward £ 15 34 180 343 - 572 |
Incoming resources £ - - - - 8,938 8,938 |
Outgoing resources £ (4) (6) (34) (69) (812) (925) |
Transfers £ - - - - - - |
Carried forward £ 11 28 146 274 8,126 |
|---|---|---|---|---|---|
| 8,585 |
Capital for Fixed Assets
Capital Fund for Fixed Assts
Radio Merseyside
Grant received to fund equipment
Merseyside Police
Grant Received to fund equipment
Community Foundation for Merseyside
Grant Received to fund equipment
PH Holt Foundation
Funding for capital equipment and workshops
page 16
Catalyst Dance & Drama Group Limited
9. GENERAL INFORMATION
Catalyst Dance & Drama Group Limited is a private company limited by guarantee with charitable status incorporated in England and Wales. Its registered office is 37-45 Windsor Street, Liverpool, L8 1XE. The financial statements are presented in sterling which is the functional currency of the charity.
10. ANALYSIS OF INCOMING RESOURCES
| 2022 | 2021 | |
|---|---|---|
| CJRS Furlough Grant | 8,932 | 20,221 |
| P H Holt Foundation | 8,938 | 5,000 |
| Small Music Grants | 2,380 | 2,500 |
| Liverpool City Council Covid Support Grants | 23,074 | 19,097 |
| ------------ | ------------ | |
| 43,324 | 46,818 | |
| ====== | ======= |
page 17
Catalyst Dance & Drama Group Limited
11. RESOURCES EXPENDED
| 2022 | 2021 | |
|---|---|---|
| Premises Costs | 4,914 | 5,070 |
| Office Administration Costs-Support Costs - detailed below | 9,404 | 8,161 |
| Governance | 1,212 | 757 |
| Performance Project Costs | 19,915 | 18,695 |
| --------- | --------- | |
| 35,445 | 32,683 | |
| ====== | ====== | |
| Support Costs - as above | ||
| Telrphone | 548 | 615 |
| Insurance | 411 | 407 |
| Bank Charges | 45 | 26 |
| Depreciation | 1,108 | 368 |
| Music Consumables and Sundries | 500 | - |
| Pension Contributions | 561 | 486 |
| Payroll Expenses | 6,231 | 6,231 |
| Sundries | - | 28 |
| -------- | -------- | |
| 9,404 | 8,161 | |
| ===== | ===== |
12. NET ASSETS BETWEEN FUNDS
| Tangible | Net | 2022 | 2021 | |
|---|---|---|---|---|
| Fixed | Current | Total | Total | |
| Assets | Assets | Assets | Assets | |
| Restricted Funds | 3,704 | 4,881 | 8,585 | 572 |
| Unrestricted Funds | 729 | 24,536 | 25,265 | 25,399 |
| --------- | --------- | --------- | --------- | |
| 4,433 | 29,417 | 33,850 | 25,971 | |
| --------- | --------- | --------- | --------- |
page 18